Ask Experts Questions for FREE Help !
Ask
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
    Full Member
    		  
    #1

    Mar 7, 2010, 02:26 PM
    Judgements before bankruptcy
    OK guys settle this one for some friends of mine

    Quick question because this is not my specialty. If you have a judgement
    From a debt that is included in bk it means it stays on your credit report but can't be acted on right? And if that judgement is on your credit report even if it was included in the bk can that judgement be renewed say after 10 years since it can't be acted on?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Mar 7, 2010, 03:23 PM

    The Judgment is "erased" (unless it's in certain categories which cannot be discharged in bankruptcy, such as student loans, taxes, child support) and no longer exists. The judgment (and bankruptcy) remain on the credit report. The judgment no longer exists (if it was discharged!) and so it cannot be renewed.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Judgements and bankruptcy [ 4 Answers ]

Hi My friend has a question she got a judgement filed bankreuprcty and she wants to know will this mean she will not have to pay the judgement? I told her she should have asked her lawyer but she said he was talking so much she can not remember He did tell her that with the means test she will...

Judgements and Bankruptcy [ 1 Answers ]

Capital One, creditor filed a judgement lien on my property for $15,604.17 on May 9, 2003On June 30th, 2003, I filed Bankruptcy (Ch. 7). All my debt was discharged, including the debt with Capital One. I called the bank's atty to remove the lien since it was discharged and I was told that indeed...

Judgements and bankruptcy [ 1 Answers ]

I had a judgment brought against me this year and I filed a "notice of right to have exemptions designated" But since I have no income I need to file chapter 7. I have 2 questions if you will: #1 Can I include a court judgment against me in a chapter 7 bankruptcy? Does the bankruptcy wipe...

Bankruptcy and Judgements [ 1 Answers ]

If I file Bankruptcy, will it also take care of the Judgements that I have. Thanks Greg

Suets, judgements and bankruptcy [ 4 Answers ]

I have 200,oo in credit card debt. I am now disabled for life I get va dsability and ss can I be sued/judgement/lean? Thank you

View more questions Search